Gideon Pond Housing Corporation

Analysis

Gideon Pond Housing Corporation is a registered charity in United States, based in Roseville, MN. It received its IRS tax-exemption ruling in August 1982, 44 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Gideon Pond Housing Corporation reported income of $561k and spending of $545k, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $501k to $561k (+12%), an average of +2.9% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gideon Pond Housing Corporation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MN. Charities of a similar size with the same main cause include Share Incorporated ($561k), Oregon Rural Action Inc ($561k) and Tea Party Patriots Foundation Inc ($561k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 95% of the total. Other salaries and wages came to $135k. At year end it held assets of $3.1m against liabilities of $2.5m, net assets of $571k.